250,000 Shares in Evergreen Co. (NASDAQ:EVGR) Bought by Westchester Capital Management LLC

Westchester Capital Management LLC bought a new stake in Evergreen Co. (NASDAQ:EVGR) in the 3rd quarter, Holdings Channel.com reports. The fund bought 250,000 shares of the company’s stock, valued at approximately $2,920,000.

Several other hedge funds have also added to or reduced their stakes in EVGR. Cowen AND Company LLC acquired a new stake in shares of Evergreen during the second quarter worth $2,706,000. K2 Principal Fund L.P. acquired a new position in shares of Evergreen during the 2nd quarter worth about $1,675,000. Spartan Fund Management Inc. bought a new position in shares of Evergreen in the third quarter valued at $603,000. Finally, Virtu Financial LLC acquired a new position in shares of Evergreen during the 1st quarter worth about $222,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

Evergreen Stock Performance

Shares of NASDAQ EVGR opened at $11.81 on Friday. Evergreen Co. has a 12 month low of $11.07 and a 12 month high of $11.81. The company has a market capitalization of $95.31 million and a P/E ratio of 42.18. The stock has a 50 day moving average of $11.74 and a 200-day moving average of $11.60.

Evergreen (NASDAQ:EVGR) last issued its quarterly earnings results on Thursday, October 10th. The company reported $0.07 earnings per share (EPS) for the quarter.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.